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Bezos became D. E. Shaw's fourth senior vice-president by age 30. Bezos responded aggressively, cutting the Kindles retail price and adding new features. [46] He and his then-wife, MacKenzie Scott, left their jobs at D. E. Shaw and founded Amazon in a rented garage in Bellevue, Washington on July 5, 1994, after writing its business plan on a cross-country drive from New York City to Seattle. [30][31] The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. [35] In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space. [296][297] A year later in June, he tweeted that he would announce two philanthropic foci by the end of summer 2018. In 2012, Bezos launched Amazon Studios, crowdsourcing the development of feature films and television shows. [194] He lost $500million the following year, which brought his net worth down to $1.5billion. What was Steve Jobs GPA? He stayed in the finance realm with Bankers Trust, rising to a vice presidency. Born in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. [206], Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. Jeff Bezos - Early Life & Career - LinkedIn "[280] Despite Bezos's support for an open borders policy towards immigrants, Amazon has actively marketed facial recognition software to U.S. Immigration and Customs Enforcement (ICE). Jeff Bezos: The wake-up call was finding this startling statistic that web usage in the spring of 1994 was growing at 2,300 percent a year. Every decade that goes by, theres more important discoveries per unit time than there were in the previous decade. [51] Bezos used the $54million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. [116] In March 2014, Bezos made his first significant change at The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in Texas, Hawaii, and Minnesota. [158][28] Bezos has been known to publicly contest claims made in critical articles, as exemplified in 2015 when he sent a memo to employees denouncing a New York Times piece. [17] Jeff attended a Montessori school in Albuquerque when he was two years old. Maybe Ill be a philanthropist one day! That wasnt ever on my list of archeologist, astronaut, those things I wanted to be. It was a general practitioner, a sort of small sole practitioner. The font size was adjustable for further ease in reading, and, unlike earlier electronic reading devices, the Kindle incorporated wireless Internet connectivity, enabling the reader to purchase, download and read complete books and other documents anywhere, anytime. I think at times we as a people get confused about it. Earlier this month, Jeff Bezos stepped down as the CEO of Amazon, the company he launched in 1994 as an online bookseller. Jeff Bezos is known for asking job candidates what their SAT score was, in order to determine whether or not they are qualified for a job.